(US) Fed's Barkin (voter, hawk): The first quarter of 2021 is going to be bumpy; will see continued goods spending as weather warms up
(US) Fed's Barkin (voter, hawk): The first quarter of 2021 is going to be bumpy; will see continued goods spending as weather warms up
- Businesses may call back furloughed workers by Labor Day
- Sees a lot of pent-up demand for services and for goods
- Pent-up demand and supply mismatches can cause price pressures
- Doesn't get a sense there is a mindset change on price expectations
- Increasing yields are not a problematic situation
- Source TradeTheNews.com
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